International Debt: A Tale of Two Stories

The International Debt Statistics (2022) published by the World Bank has revealed that the external debt of 123 low- and middle-income countries have increased on average 5.6 percent to $8.7 trillion in 2020.  It shows devastating impact of the pandemic on economy of the developing countries. The G20 creditors have designed a policy framework called the Debt Service Suspension Initiative[Read More…]
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